Forest Avenue Capital Management LP In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Forest Avenue Capital Management LP reported 24 stock positions worth $2.4 billion . Its top holding was Vistra (VST) at 10.2% of the portfolio, followed by Viking (VIK, 7.0% ) and Madison Air Solutions Class A (MAIR, 6.7% ). Compared with Q1 2026, it opened 7 new positions, sold out of 8, added to 8 and reduced 9. The biggest buy was a new position in Madison Air Solutions Class A (MAIR) and the biggest sale Carpenter Technology (CRS, shares −56% ).
Location MIAMI, FL
CIK 0001944889
Portfolio Value $2.4B (Q2 2026) Holdings 24 stocks · $2.4B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 VST Vistra Corp. 1,534,281 $243.4M Add +18.3% VIK Viking Holdings Ltd. 1,582,676 $165.7M Reduce -22.3% MAIR Madison Air Solutions Corp. Class A 4,061,688 $158.4M New DPC DPC Holdings PLC 2,929,831 $143.7M New WWD Woodward Inc. 332,039 $141.3M Add +49.5% ECG Everus Construction Group 826,510 $137.2M Add +15.6% LGN Legence Corp. Class A 1,546,512 $131.8M New NCLH Norwegian Cruise Line Holdin 6,153,171 $129.9M Add +211.8% TSM Taiwan Semiconductor-SP ADR 257,965 $123.2M New MTZ Mastec Inc. 248,627 $103.4M Reduce -7.9% RRX Regal Rexnord Corp. 427,925 $101.9M Add +78.9% SGI Somnigroup International Inc. 1,296,142 $101.6M Add +28.1% CRS Carpenter Technology 164,219 $101.3M Reduce -56.2% CNM Core & Main Inc. Class A 1,793,541 $86.5M Reduce -0.8% WULF Terawulf Inc. 3,423,682 $84.6M Add +73.7% QXO Qxo Inc. 4,585,678 $79.2M Reduce -0.8% ALAB Astera Labs Inc. 149,320 $72.1M New DK Delek US Holdings Inc. 1,188,057 $60.4M Add +81.7% NVDA Nvidia Corp. 294,300 $58.9M New PARR Par Pacific Holdings Inc. 887,546 $49.8M Reduce -37.4% LEG Leggett & Platt Inc. 3,672,672 $43.0M Reduce -0.8% BTU Peabody Energy Corp. 1,633,147 $37.8M Reduce -0.8% BRKR Bruker Corp. 422,000 $25.4M New NVX Novonix Limited 1,189,771 $547K Reduce -0.8%
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ CRS Carpenter Technology Reduce -56.2% 4.25% −5.09 PARR Par Pacific Holdings Inc. Reduce -37.4% 2.09% −3.52 LNG Cheniere Energy Inc. Sold out 0.00% −3.09 AGX Argan Inc. Sold out 0.00% −2.56 VIK Viking Holdings Ltd. Reduce -22.3% 6.96% −2.51 CEG Constellation Energy Sold out 0.00% −2.36 QXO Qxo Inc. Reduce -0.8% 3.33% −2.35 VG Venture Global Inc. Class A Sold out 0.00% −2.03 CNM Core & Main Inc. Class A Reduce -0.8% 3.63% −2.01 AR Antero Resources Corp. Sold out 0.00% −2.01 HII Huntington Ingalls Industrie Sold out 0.00% −1.99 BTU Peabody Energy Corp. Reduce -0.8% 1.59% −1.84 HCC Warrior Met Coal Inc. Sold out 0.00% −1.68 MTZ Mastec Inc. Reduce -7.9% 4.34% −1.14 CNR Core Natural Resources Inc. Sold out 0.00% −1.00 LEG Leggett & Platt Inc. Reduce -0.8% 1.81% −0.51 NVX Novonix Limited Reduce -0.8% 0.02% −0.03
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ MAIR Madison Air Solutions Corp. Class A New 6.65% +6.65 DPC DPC Holdings PLC New 6.04% +6.04 LGN Legence Corp. Class A New 5.54% +5.54 TSM Taiwan Semiconductor-SP ADR New 5.17% +5.17 NCLH Norwegian Cruise Line Holdin Add +211.8% 5.46% +3.12 ALAB Astera Labs Inc. New 3.03% +3.03 NVDA Nvidia Corp. New 2.47% +2.47 WULF Terawulf Inc. Add +73.7% 3.55% +1.75 RRX Regal Rexnord Corp. Add +78.9% 4.28% +1.45 BRKR Bruker Corp. New 1.07% +1.07 WWD Woodward Inc. Add +49.5% 5.93% +0.91 DK Delek US Holdings Inc. Add +81.7% 2.54% +0.67 ECG Everus Construction Group Add +15.6% 5.76% +0.42 SGI Somnigroup International Inc. Add +28.1% 4.27% −0.46 VST Vistra Corp. Add +18.3% 10.22% −2.11
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 180,000 $103.9Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 24 $2.4B VST, VIK, MAIR, DPC, WWD Q1 2026 25 $1.6B VST, VIK, CRS, QXO, CNM Q4 2025 22 $1.5B VIK, CRS, VST, MTZ, WWD Q3 2025 21 $1.3B VIK, CRS, VST, MTZ, QXO Q2 2025 17 $1.3B VIK, VST, CRS, XPO, CNM Q1 2025 15 $732.2M CRS, CEG, VST, CNM, RCL Q4 2024 21 $1.1B AMZN, CEG, VIK, BBWI, XPO Q3 2024 21 $823.7M CEG, VST, VIK, CNM, BBWI Q2 2024 22 $722.4M VIK, BBWI, CNM, VST, WMT Q1 2024 19 $406.9M CNM, SGI, BBWI, VST, FRO